Crude oil
Growing gasoline, diesel glut sparks sharp sell-off in global oil markets
The sell-off came amid warnings that supplies could outpace global demand even during the peak summer driving season that traditionally kicks in at the end of May.
Canadian wildfire could limit oil supply to refiners
The United States imports about 3.5 MMbpd of Canadian crude, which is particularly important for US refiners from Ohio to the Dakotas.
China cuts West African oil imports as refiners cite delays, full tanks
Chinese loadings of West African crude declined from 19-month highs in May as delivery delays, port congestion and full tanks scuppered interest from private 'teapot' refiners.
Lifting of US crude export ban will impact process safety management
Since the Arab oil embargo in the 1970s, the US government has restricted the export of crude oil to curb dependence on crude oil imports.
Industry Metrics
US refinery margins recovered as product markets were supported by strong domestic gasoline demand and temporarily tight sentiment fueled by the switch to summer-grade gasoline.
Iran secures two more European refiners as customers for its oil
Both refiners bought Iran's oil before sanctions against the country's nuclear program effectively halted its shipments to Europe, which had accounted for more than a third of its exports.
Refining’s silver lining fades at Exxon, Chevron
Growing fuel inventories and weak demand are now hammering the refining industry, turning a typical advantage for integrated oil companies on its head.
Looming gasoline glut threatens global recovery in crude oil prices
Several major gasoline importing countries have started to export, as excess supplies of fuels overflow storage facilities and erode refinery profits.
Kuwait oil, gas workers end three-day strike
Kuwaiti oil and gas workers have ended a three-day strike that had temporarily cut the OPEC member's crude production by nearly half, according to the trade union.
Nigeria’s NNPC fights for more crude cargoes to exchange for gasoline
The dispute has delayed some of the country's monthly oil export programs and added to confusion over just how much crude Nigeria has at its disposal to exchange for gasoline.
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